OPEC is a group of oil-producing nations formed in 1960. It aims to coordinate oil policies, stabilize prices, and ensure a steady supply of oil. Members work together to control oil production and influence global prices, benefiting both producers and consumers. OPEC’s role is key in the global energy market, balancing production levels and promoting fair pricing to support economic stability for oil-exporting countries.
The Organization of Petroleum Exporting Countries (OPEC) has issued its latest Monthly Oil Market Report (MOMR), highlighting key developments and providing an outlook on the global oil market. In its…